+
India to receive loan from JICA for MAHSR
RAILWAYS & METRO RAIL

India to receive loan from JICA for MAHSR

The Mumbai Ahmedabad High-Speed Rail (MAHSR), a project that is dear to Prime Minister Narendra Modi, will receive a loan from the Japan International Cooperation Agency (JICA) of roughly Rs 6,000 crore as Tranche 3 to provide official development assistance (ODA).

The MAHSR project is moving more quickly under the new Eknath Shinde-Devendra Fadnavis administration. By constructing a high-speed train between Mumbai and Ahmedabad utilising Japan’s Shinkansen technology, the project aims to create a high-frequency mass transportation system, improving mobility in India and promoting regional economic growth.

The loan agreement was signed by Watanabe Jun, Senior Representative of JICA India, and Rajat Kumar Mishra, Additional Secretary of the Department of Economic Affairs in the Government of India’s Ministry of Finance.

MAHSR project helped to create India’s first high-speed rail initiative. This project, which incorporates high-speed rail technology from Japan, has become a representation of cooperation between Japan and India. In terms of civil work, much progress has already been made. We anticipate a time soon when the Shinkansen system used in the project will help the entire region expand economically and socially, generating cash for the local populace.

The Mumbai Ahmedabad High-Speed Rail (MAHSR), a project that is dear to Prime Minister Narendra Modi, will receive a loan from the Japan International Cooperation Agency (JICA) of roughly Rs 6,000 crore as Tranche 3 to provide official development assistance (ODA). The MAHSR project is moving more quickly under the new Eknath Shinde-Devendra Fadnavis administration. By constructing a high-speed train between Mumbai and Ahmedabad utilising Japan’s Shinkansen technology, the project aims to create a high-frequency mass transportation system, improving mobility in India and promoting regional economic growth. The loan agreement was signed by Watanabe Jun, Senior Representative of JICA India, and Rajat Kumar Mishra, Additional Secretary of the Department of Economic Affairs in the Government of India’s Ministry of Finance. MAHSR project helped to create India’s first high-speed rail initiative. This project, which incorporates high-speed rail technology from Japan, has become a representation of cooperation between Japan and India. In terms of civil work, much progress has already been made. We anticipate a time soon when the Shinkansen system used in the project will help the entire region expand economically and socially, generating cash for the local populace.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?